what would/could happen to the UK Pound if no compromise can be found?
Actually, over the last few days the yield on benchmark 10-year UK government bonds, or gilts, has dipped below 10-year US Treasury notes several times.... indicating a flight to quality, or a safe haven for investors to temporarily park their money.
"Gilts are being treated as a safe haven," said Marc Ostwald, an analyst at Monument Securities in London. "It looks like the ball is being dropped in the US and it still threatens to be dropped in Europe."
